IEF vs. CYBU.AS
IEF (iShares 7-10 Year Treasury Bond ETF) and CYBU.AS (iShares China CNY Bond UCITS ETF USD Hedged (Dist)) are both exchange-traded funds - IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while CYBU.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, IEF returned -1.24%/yr vs 5.73%/yr for CYBU.AS. At a 0.04 correlation, their price movements are largely independent. IEF charges 0.15%/yr vs 0.40%/yr for CYBU.AS.
Performance
IEF vs. CYBU.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -0.47% return, which is significantly lower than CYBU.AS's 2.15% return.
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
CYBU.AS
- 1D
- -0.02%
- 1M
- 0.14%
- YTD
- 2.15%
- 6M
- 2.33%
- 1Y
- 3.08%
- 3Y*
- 6.71%
- 5Y*
- 5.73%
- 10Y*
- —
IEF vs. CYBU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | -1.42% |
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 2.15% | 2.78% | 11.38% | 7.86% | 2.44% | 2.47% | 1.05% | 1.61% |
Correlation
The correlation between IEF and CYBU.AS is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.04 |
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Return for Risk
IEF vs. CYBU.AS — Risk / Return Rank
IEF
CYBU.AS
IEF vs. CYBU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) and iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEF | CYBU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 4.39 | -3.55 |
| Martin ratioReturn relative to average drawdown | 2.35 | 10.77 | -8.42 |
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Drawdowns
IEF vs. CYBU.AS - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, which is greater than CYBU.AS's maximum drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for IEF and CYBU.AS.
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Drawdown Indicators
| IEF | CYBU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -5.21% | -18.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -0.69% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -1.91% | -5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -1.91% | -19.49% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -11.18% | -0.36% | -10.82% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -1.13% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.28% | +1.17% |
Volatility
IEF vs. CYBU.AS - Volatility Comparison
iShares 7-10 Year Treasury Bond ETF (IEF) has a higher volatility of 1.62% compared to iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) at 0.77%. This indicates that IEF's price experiences larger fluctuations and is considered to be riskier than CYBU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF | CYBU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.77% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 2.28% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 3.11% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 3.21% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 3.15% | +3.48% |
IEF vs. CYBU.AS - Expense Ratio Comparison
IEF has a 0.15% expense ratio, which is lower than CYBU.AS's 0.40% expense ratio.
Dividends
IEF vs. CYBU.AS - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.89%, more than CYBU.AS's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 0.89% | 1.88% | 2.13% | 2.45% | 2.60% | 2.82% | 2.66% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
IEF and CYBU.AS have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEF is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEF is cheaper with a 0.15% expense ratio, compared with 0.40% for CYBU.AS.
IEF is categorized as Government Bonds, while CYBU.AS is Emerging Markets Bonds. IEF tracks ICE U.S. Treasury 7-10 Year Bond Index, while CYBU.AS tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.15% for IEF and 0.40% for CYBU.AS.
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